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An impairment loss is calculated for an asset held for use by the amount by which: Question 9 options: The carrying amount exceeds the fair
An impairment loss is calculated for an asset held for use by the amount by which:
Question 9 options:
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The carrying amount exceeds the fair value of the asset
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The fair value of an asset exceeds the carrying amount of the asset.
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The purchase price of an asset exceeds the fair value.
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The Net Book Value exceeds the carrying amount of the asset.
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